MTNL Analysis on Request.
MTNL looks good, with good risk to reward.
For short term buy with SL of close below 21
Target 28
If trend continues then second target 35
Mahanagar Telephone Nigam Limited (MTNL) provides telecommunication services. The Company's segments include Basic and Cellular. It offers mobile services in Delhi city, including Noida, Gurgaon, Faridabad and Gaziabad, and the Mumbai city along with the areas falling under the Mumbai Municipal Corporation, New Mumbai Corporation and Thane Municipal Corporation. Its telecommunication services include fixed telephone service, global system for mobile communication (including third-generation (3G) services) and code division multiple access (CDMA)-based mobile service, Internet, broadband, integrated services digital network (ISDN) and leased line services. Its telecommunication technologies include Assymmetrical Digital Subscriber Line 2+ & Very High Speed Digital Subscriber Line2 in broadband, Internet protocol television on Moving Picture Experts Group 4 technology, Voice over Internet protocol and 3G mobile service.
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MTNL
